Civic Intelligence

Interfaith Housing Development

EIN 56-1354134 • 501(c)3 • Hickory, NC

Profile

Assist low income residents in borrowing money to make down payment on home purchase. Also provide rental housing for low income residents.

PO Box 3547Hickory, NC 28603
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.18x

Higher debt load relative to assets than 66% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.55x

Higher debt load relative to revenue than 74% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

12%

Higher net margin than 61% of similar nonprofits.

NTEE L • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE L21 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-2.8%

Faster asset growth than 42% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

55%

Faster revenue growth than 86% of similar nonprofits.

NTEE L • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Down

$237,075

Down $6,833 (-2.8%) from 2023

Liabilities

Down

$42,547

Down $45,029 (-51%) from 2023

Net Assets

Up

$194,528

Up $38,196 (+24%) from 2023

Operations
Liabilities / Revenue74th percentileNet Margin61st percentile

Revenue

Up

$77,985

Up $27,739 (+55%) from 2023

Expenses

Up

$68,348

Up $6,901 (+11%) from 2023

Net Income

Up

$9,637

Up $20,838 (+186%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2016: $396,091Liabilities 2016: $279,894Net Assets 2016: $116,1972016Assets 2017: $366,355Liabilities 2017: $233,3132017Assets 2018: $363,963Liabilities 2018: $234,4972018Assets 2019: $343,750Liabilities 2019: $195,929Net Assets 2019: $147,8212019Assets 2020: $312,101Liabilities 2020: $151,932Net Assets 2020: $160,1692020Assets 2021: $291,629Liabilities 2021: $116,101Net Assets 2021: $175,5282021Assets 2022: $294,430Liabilities 2022: $93,817Net Assets 2022: $200,6132022Assets 2023: $243,908Liabilities 2023: $87,576Net Assets 2023: $156,3322023Assets 2024: $237,075Liabilities 2024: $42,547Net Assets 2024: $194,5282024

Highlighted filing

2024

Assets$237,075
Liabilities$42,547
Net Assets$194,528
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2016: $64,983Expenses 2016: $64,215Net Income 2016: $7682016Revenue 2017: $85,741Expenses 2017: $68,757Net Income 2017: $16,9842017Revenue 2018: $62,205Expenses 2018: $65,794Net Income 2018: -$3,5892018Revenue 2019: $81,826Expenses 2019: $54,148Net Income 2019: $27,6782019Revenue 2020: $72,227Expenses 2020: $63,074Net Income 2020: $9,1532020Revenue 2021: $67,696Expenses 2021: $52,337Net Income 2021: $15,3592021Revenue 2022: $77,597Expenses 2022: $52,512Net Income 2022: $25,0852022Revenue 2023: $50,246Expenses 2023: $61,447Net Income 2023: -$11,2012023Revenue 2024: $77,985Expenses 2024: $68,348Net Income 2024: $9,6372024

Highlighted filing

2024

Revenue$77,985
Expenses$68,348
Net Income$9,637
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$237,075
Liabilities
$42,547
Net assets
$194,528
Revenue
$77,985
Expenses
$68,348
Net income
$9,637
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$0.43$1.95$0.78$0.68$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.88$1.56$0.50$0.61$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.94$0.94$2.01$0.78$0.53$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.92$1.16$1.76$0.68$0.52$0.15
2020Detailed filing. Detailed filing data is available for this year.$3.12$1.52$1.60$0.72$0.63$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$1.96$1.48$0.82$0.54$0.28
2018Summary only. Only limited summary data is available for this year.$3.64$2.34$0.62$0.66$0.04
2017Summary only. Only limited summary data is available for this year.$3.66$2.33$0.86$0.69$0.17
2016Detailed filing. Detailed filing data is available for this year.$3.96$2.80$1.16$0.65$0.64$0.01
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$72,227
Mission and Program Overview

Mission

To provide affordable low-income housing for disadvantaged individuals

Low-income housing assistance

Program Services

DescriptionGrantsExpenses
LOW-INCOME APARTMENTS FOR LOW-INCOME RESIDENTS IN RIDGEVIEW -- A LOW-INCOME HOUSING DEVELOPMENT SECTION OF HICKORY NC APPROX 50 IN 10 APTS-$38,575
OPERATION OF OLD RIDGEVIEW LIBRARY THAT WAS DONATED BY THE CITY OF HICKORY TO PRESERVE ITS HISTORICAL NATURE WHICH IS LOCATED IN RIDGEVIEW AREA-$6,648
INTERFAITH AND CITY OF HICKORY APPROVE APPLICATIONS FOR DOWN PAYMENT ASSISTANCE TO PURCHASE HOMES IN RIDGEVIEW AREA. LOAN PAYMENTS GO TO INTERFAITH--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE WATKINSTreasurer-$0--
DAVID ROBERTSVice-President-$0--
ANTONIO LOGANPresident-$0--
Filing and Contact Details

Filer

Filer Name
Interfaith Housing Development
EIN
56-1354134
Address
PO BOX 3547, HICKORY, NC 28603

Signing Officer

Name
Mike Watkins
Title
Secretary
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Accounting & More
Address
955 US 70 HWY, NEWTON, NC 28658
Preparer
Faye S Morgan
Phone
8284653040
Supplemental Narrative

Additional Explanations

Form 990EZ Part II Line 24 - Other Assets

“B & h reserve 376.91; library books 139.61”

Form 990EZ Part I Line 16 - Other Expenses

“Bank fees 2662; commissions 4919.78; depreciation 19,682.00 gifts 217.06; insurance 6993.83; interest 7,129.01; office 281.55; security 672.48; supplies 175.68; taxes and licenses 103.75; technology 364.25; misc 574.22”

Form 990EZ Part I Line 20

“Adjustments made to correct beginning balances when account originally set up”

Raw XML Appendix143 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0MIKE WATKINS
IRS990EZ/BooksInCareOfDetail/PhoneNum08284550406
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02047 36TH ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HICKORY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028601
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt041050
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt051550
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt09153
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01426
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0343750
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0312101
IRS990EZ/GrossReceiptsAmt072227
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt016
IRS990EZ/LandAndBuildingsGrp/BOYAmt0277757
IRS990EZ/LandAndBuildingsGrp/EOYAmt0260035
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0147821
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0160169
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0147821
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0160169
IRS990EZ/OccupancyRentUtltsAndMaintAmt017700
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MIKE WATKINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DAVID ROBERTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ANTONIO LOGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt024943
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0516
IRS990EZ/OtherChangesInNetAssetsAmt03195
IRS990EZ/OtherExpensesTotalAmt043775
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0LOW-INCOME HOUSING ASSISTANCE
IRS990EZ/PrintingPublicationsPostageAmt0173
IRS990EZ/ProgramServiceRevenueAmt072211
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LOW-INCOME APARTMENTS FOR LOW-INCOME RESIDENTS IN RIDGEVIEW -- A LOW-INCOME HOUSING DEVELOPMENT SECTION OF HICKORY NC APPROX 50 IN 10 APTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1INTERFAITH AND CITY OF HICKORY APPROVE APPLICATIONS FOR DOWN PAYMENT ASSISTANCE TO PURCHASE HOMES IN RIDGEVIEW AREA. LOAN PAYMENTS GO TO INTERFAITH
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2OPERATION OF OLD RIDGEVIEW LIBRARY THAT WAS DONATED BY THE CITY OF HICKORY TO PRESERVE ITS HISTORICAL NATURE WHICH IS LOCATED IN RIDGEVIEW AREA
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt038575
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt16648
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0195929
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0151932
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt063074
IRS990EZ/TotalProgramServiceExpensesAmt045223
IRS990EZ/TotalRevenueAmt072227
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt018019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01515
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02590
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt010625
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt032749
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0542
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0542
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt072227
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt063808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt059615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt075072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0270722
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0542
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0542
IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99820
IRS990ScheduleA/PublicSupportPY509Pct00.99820
IRS990ScheduleA/PublicSupportTotal509Amt0303471
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt072227
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt081827
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01515
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt062205
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt085697
IRS990ScheduleA/Total509Grp/TotalAmt0303471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt072227
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt082369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01515
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt062205
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt085697
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0304013
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0B & H RESERVE 376.91; LIBRARY BOOKS 139.61
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BANK FEES 2662; COMMISSIONS 4919.78; DEPRECIATION 19,682.00 GIFTS 217.06; INSURANCE 6993.83; INTEREST 7,129.01; OFFICE 281.55; SECURITY 672.48; SUPPLIES 175.68; TAXES AND LICENSES 103.75; TECHNOLOGY 364.25; MISC 574.22
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADJUSTMENTS MADE TO CORRECT BEGINNING BALANCES WHEN ACCOUNT ORIGINALLY SET UP
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART II LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 20
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE WATKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INTERFAITH HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0561354134
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3547
ReturnHeader/Filer/USAddress/CityNm0HICKORY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201721577
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNTING & MORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0955 US 70 HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028658
ReturnHeader/PreparerPersonGrp/PhoneNum08284653040
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FAYE S MORGAN
ReturnHeader/ReturnTs02021-11-15T19:27:26-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MMICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATKINS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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